Amendment to Convertible Note Deed

Key points

• Extended Maturity Date by 6 months to 26 August 2025
• Increased interest rate to 15% p.a. up to Maturity Date, then 20% p.a. after

Full summary

XPON Technologies Group Ltd (ASX:XPN) has announced an extension and variation to the Convertible Note Deed originally announced on 26 February 2024. The key amendments are: 1) Extension of the Maturity Date by a further six months to 26 August 2025 (the 'Extended Maturity Date'); and 2) Variation to the interest payable, with 15% per annum up to and including the Maturity Date, and 20% per annum from the date after the Maturity Date. The amendments have been approved by the Noteholders. XPON is a leading AI marketing technology business with operations in Australia, New Zealand and the United Kingdom, helping businesses simplify complex marketing challenges and achieve superior ROI from their customers.